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WAVE 2 Sentiment at 29 yr low?


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#21 senorBS

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Posted 27 December 2016 - 10:35 AM

another "sentiment" stat adding to the huge negativity  toward the gold/mining sector, I picked this up from another board"

 

"Sentimentrader.com, whose 10dma's on his OPTIX composite for gold, GDX, and GDXJ, are now at or below the lows seen at last year's end"

 

AND DA BEAT GOES ON.....

 

Senor



#22 senorBS

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Posted 27 December 2016 - 10:55 AM

added a little this morning on a few of the gap fills, now about 24% long, as always DYODD

 

BSing away

 

Senor



#23 Russ

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Posted 27 December 2016 - 10:56 AM

 

 

 

What is needed for a great depression is a sovereign debt default which is what happened in the 1930's when Europe (except Britain which had a six month stop on bond payments), South America and Asia all defaulted on their government debts (bond markets where most of societies money resides)  Just a private bank default is not enough for a great depression.

 

European Central Bank (ECB) is insolvent based on their own rules they apply to private banks...

https://www.armstron...b-is-insolvent/

 

So we are on the edge of a full blown government debt default in Europe which will eventually spread to many other parts of the world and also finally the USA.  It will be the loss of confidence in government that finally drives Gold through the roof.

you are giving your view which is fundamental analysis to a chart/technical/Ewave based trader investor, that's sorta like oil and water and they don't mix well. I really don't care about all that stuff and you likely don't care about mine, so lets just agree to disagree and move on.

 

Senor

 

Sorry Senor, it was more of a response to Semibizz's post. I know you are a technical trader and so am I, but I like to understand the why of the market place too. I have posted many technical posts and predicted last summer gold would go down into this time area (went down a little longer than I thought - oscillator can be off by a few weeks sometimes, but my direction was totally correct) based on using charts. The GLD chart has a good trend on it now for a high into late January now if you didn't see my earlier post about it but your own work is the most important because you understand it better than anyone else will.

 

sorry Russ that was actually my bad, that post should have responded to Semi

 

Senor

 

No problemo. :)


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"In order to master the markets, you must first master yourself" ... JP Morgan
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#24 SemiBizz

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Posted 27 December 2016 - 02:29 PM

The rally in gold off the low was a FAILURE....

 

it choked at around the .382, bad form.

 

There's nothing left to do now but test that low.


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#25 senorBS

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Posted 27 December 2016 - 02:33 PM

The rally in gold off the low was a FAILURE....

 

it choked at around the .382, bad form.

 

There's nothing left to do now but test that low.

I don't think so but we will see, miners and silver both acting well and THAT is what I wanted/needed to see. That being said I don't expect anything big this week, using weakness for accumulation

 

BSing away

 

Senor



#26 dharma

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Posted 27 December 2016 - 03:34 PM

senor this guy has picked up on the 29yr low in sentiment . http://energyandgold...-11-months-ago/
as this thread shows market participants are not impressed. they are bearish as ever
dharma

#27 senorBS

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Posted 27 December 2016 - 03:42 PM

senor this guy has picked up on the 29yr low in sentiment . http://energyandgold...-11-months-ago/
as this thread shows market participants are not impressed. they are bearish as ever
dharma

that works for me! I think I need to STRESS HERE that folks who throw out numbers like Gold at 550 or 5000 are automatically TUNED OUT by me because that is NOT what makes me money! If I can figure out with good risk/reward stop parameters where the next $100-200 gold rally (or decline) is coming from I can make some very bueno pesos and that is all I care about, that can be tough enough to figure out, trying to "forecast" moves to 550 or 2000 or 5000 is to me is meaningless and an exercise in futility and IMO wasted effort. Now if I am right on the next $100-200 I will then do a continuing analysis and see what the odds look like for a bigger move in the same direction or a reversal. Sorry, I needed to get that off my chest 

 

NO BS

 

Senor


Edited by senorBS, 27 December 2016 - 03:43 PM.


#28 dharma

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Posted 27 December 2016 - 03:59 PM

senor this guy has picked up on the 29yr low in sentiment . http://energyandgold...-11-months-ago/
as this thread shows market participants are not impressed. they are bearish as ever
dharma

that works for me! I think I need to STRESS HERE that folks who throw out numbers like Gold at 550 or 5000 are automatically TUNED OUT by me because that is NOT what makes me money! If I can figure out with good risk/reward stop parameters where the next $100-200 gold rally (or decline) is coming from I can make some very bueno pesos and that is all I care about, that can be tough enough to figure out, trying to "forecast" moves to 550 or 2000 or 5000 is to me is meaningless and an exercise in futility and IMO wasted effort. Now if I am right on the next $100-200 I will then do a continuing analysis and see what the odds look like for a bigger move in the same direction or a reversal. Sorry, I needed to get that off my chest 
 
NO BS
 
Senor

one throws out #z to get customers. which is fine . but not for the other players. i do what i do to make $$$ i am selling
nada.
i make money by trading.
dharma

#29 senorBS

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Posted 27 December 2016 - 04:05 PM

 

 

senor this guy has picked up on the 29yr low in sentiment . http://energyandgold...-11-months-ago/
as this thread shows market participants are not impressed. they are bearish as ever
dharma

that works for me! I think I need to STRESS HERE that folks who throw out numbers like Gold at 550 or 5000 are automatically TUNED OUT by me because that is NOT what makes me money! If I can figure out with good risk/reward stop parameters where the next $100-200 gold rally (or decline) is coming from I can make some very bueno pesos and that is all I care about, that can be tough enough to figure out, trying to "forecast" moves to 550 or 2000 or 5000 is to me is meaningless and an exercise in futility and IMO wasted effort. Now if I am right on the next $100-200 I will then do a continuing analysis and see what the odds look like for a bigger move in the same direction or a reversal. Sorry, I needed to get that off my chest 
 
NO BS
 
Senor

 

one throws out #z to get customers. which is fine . but not for the other players. i do what i do to make $$$ i am selling
nada.
i make money by trading.
dharma

 

EXACTLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



#30 Russ

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Posted 27 December 2016 - 04:15 PM

gold futures have a wedge forming on the hourly chart and it bounced right off the top today, it is going to break one way or the other soon, should be up, but have to be prepared to be wrong.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/